3 Altcoins Revolutionizing Blockchain Scalability: Elrond, NEAR, FTM

Elrond: Adaptive State Sharding for Massive Scalability

Elrond (EGLD) introduces a revolutionary approach to scalability through its Adaptive State Sharding technology. This method divides the blockchain network into smaller segments known as shards, allowing for parallel transaction processing. Here are some key features:

• Transaction Speed: Elrond can process up to 15,000 transactions per second (TPS).
• Low Latency: The system maintains minimal latency and transaction fees.
• Support for dApps: It supports smart contracts and decentralized applications (dApps), enhancing its scalability solutions.

Elrond’s sharding approach enables efficient parallel processing, making it a robust option for high-performance blockchain applications.

NEAR Protocol: Nightshade Technology for Seamless Growth

NEAR Protocol (NEAR) utilizes a novel sharding technique called Nightshade to manage network scalability. This technology dynamically adjusts the network’s shard structure based on demand, ensuring optimal performance. Key aspects include:

• Dynamic Sharding: Nightshade splits the network into shards as needed, adapting to growing demands.
• Developer-Friendly: NEAR provides tools that facilitate efficient network operation and developer engagement.
• Efficient Operation: The protocol ensures that scalability does not come at the expense of speed or security.

NEAR Protocol’s dynamic sharding offers a scalable solution that grows with the network’s needs, making it a strong player in blockchain scalability.

Fantom: Directed Acyclic Graph (DAG) for Lightning-Fast Transactions

Fantom (FTM) employs a Directed Acyclic Graph (DAG) structure to achieve scalability. Unlike traditional blockchains, which process transactions in blocks, Fantom’s Lachesis protocol processes transactions asynchronously. Key features include:

• Near-Instant Finality: The DAG structure enables near-instant transaction finality.
• High TPS: Fantom handles thousands of transactions per second.
• Ethereum Compatibility: Fantom’s compatibility with Ethereum adds flexibility for various blockchain applications.

Fantom’s DAG structure and Lachesis protocol provide a scalable and efficient solution for handling high transaction volumes.

Conclusion

Elrond, NEAR, and Fantom each offer unique approaches to addressing blockchain scalability challenges. As the demand for faster and more efficient blockchain networks continues to grow, these altcoins are leading the charge with innovative solutions that pave the way for future advancements in the blockchain space.